Operating profit for the fourth quarter 2008: S...

Operating profit for the full-year 2008:  SEK 12.5bn

SEB's operating profit for the fourth quarter of 2008 amounted to SEK
4,028m, up by 59 per cent compared with the previous quarter and 12
per cent lower than the last quarter of 2007. Net profit was SEK
3,507m.

Operating income at SEK 12,714m was up by 38 per cent from the
previous quarter and by 27 per cent from the last quarter of 2007.
Net interest income was the highest to date and grew by more than 20
per cent.

Operating expenses were SEK 6,965m, an increase of 17 per cent
compared with both the previous quarter and the last quarter of 2007.
On a comparable basis and including currency effects, costs were
unchanged.

The increased net credit losses at SEK 1,723m reflect the current
macro economic situation and to a large extent the development in the
Baltic countries, but the losses remain to a high degree provisions
rather than losses.

SEB's operating profit for the full-year results of 2008 amounted to
SEK 12,471m.

In conjunction with other capital measures, the Board of Directors
proposes no dividend for 2008 (SEK 6.50 for 2007). The Board has also
decided on a long-term Tier I capital ratio target of 10 per cent.

SEB's President and Chief Executive Officer Annika Falkengren
comments on today's annual accounts: "In a year of unprecedented
turbulence we have continued to generate income growth, reflecting a
solid customer business. With the proposed capital measures to
further strengthen our capital base, SEB is well equipped to meet the
challenging macro-economic conditions."

Further information and activities in relation to the results

The whole Annual accounts is available under the attached link and at
www.sebgroup.com.

In addition presentations and an extensive package of Facts & Figures
will be available on www.sebgroup.com in conjunction with the events
below.


Thursday, 5 February

Press conference
Time: 10:00 (local time)
Venue: Kungsträdgårdsgatan 8, Stockholm
Annika Falkengren, President & CEO, will present and comment upon the
results.
Please note that the presentation will be conducted in Swedish.

Telephone conference
Time: 14:00 (local time)
Annika Falkengren and Jan Erik Back, CFO, will present the results,
followed by a Q&A session.

To participate, please call [phone] at least 15 minutes
in advance:

The presentation material will be available on www.sebgroup.com.

Video webcast
Please also note that there will be an opportunity to see and listen
to Jan Erik Back, who will comment upon the results. The video
webcast will be available 5 February, on www.sebgroup.com.


Monday, 9 February

Presentation for analysts and investors in London
Time: 08:00 (local time)
Venue: SEB's office, Scandinavian House, 2 Cannon Street, London EC4M
6XX

SEB will be represented by Annika Falkengren, Jan Erik Back and Ulf
Grunnesjö.

Please confirm your attendance to the London meeting to Else-Marie
Nerep, by e-mail [e-mail] or via telephone +46 (0)8
763 8289, as soon as possible.

As SEB has brought forward the release of the full year report 2008
previously planned for 12 February 2009, this information replaces
the invitation released on 29 January, 2009.


SEB is a North European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
major financial centers. On 31 December 2008, the Group's total
assets amounted to SEK 2,511bn (~EUR 230bn) while its assets under
management totalled SEK 1,201bn (~EUR 110bn).The Group has about
22,000 employees. Read more about SEB at www.sebgroup.com.

_____________________________________________
For further information, please contact:
Jan Erik Back, CFO, [phone]
Ulf Grunnesjö, Head of Investor Relations, [phone]; +46
70 763 85 01
Annika Halldin, Financial Information Officer, [phone]; +46
70 379 00 60

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